After a federal covered security has filed notice with the Administrator for an initial public offering

After a federal covered security has
filed notice with the Administrator for an initial
public offering, what actions are subsequent offerings
subject to?
a) No filing notice would be required for subsequent
secondary offerings
b) Filing notice would be required for subsequent
secondary offerings
c) Registration of subsequent secondary offerings
would be required only by Administrator’s order
d) Registration would be required for subsequent
secondary offerings

A:

The correct answer is b.
Notice filings are required under the Act for both
initial and secondary offerings of federal covered
securities.